According to the tracking of OTC addresses, the number of coins held by these entities has grown strongly in recent weeks, approaching the pace seen in 2021.

In the last 30 days, approximately 57,000 BTCs have entered these institutional trading wallets.

Note that periods of high institutional OTC activity coincide with times of choppy markets, although this is not true for the current market, which has seen low volatility in recent days.

It is not possible to say that this process is aimed at selling coins by institutional players, but it does reveal an interest in "being ready" for adverse scenarios.

Written by caueconomy